The 2024 Nobel Prize in Economics: Explained
Economics Explained
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Colonial Legacy and Economic Prosperity: A Tale of Two Cities
This chapter examines how colonial histories affect economic prosperity through the lens of institutional frameworks in settler versus extractive colonies. Using Nogales, Arizona, and Nogales, Sonora as case studies, it underscores the critical role of fair institutions in driving economic success, as emphasized by recent Nobel Prize laureates.
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